Consolidated Balance Sheet - USD ($) $ in Millions	Dec. 31, 2018	Dec. 31, 2017
Current Assets
Cash and temporary investments	$ 589	$ 1,018
Accounts and notes receivable (less allowances of $81 in 2018 and $73 in 2017)	3,521	3,287
Contract assets	395	0
Inventories	2,241	2,313
Assets held for sale	0	1,377
Other current assets	250	282
Total Current Assets	6,996	8,277
Plants, Properties and Equipment, net	13,067	13,265
Forestlands	402	448
Investments	1,648	390
Financial Assets of Special Purpose Entities (Note 14)	7,070	7,051
Goodwill	3,374	3,411
Deferred Charges and Other Assets	1,019	1,061
TOTAL ASSETS	33,576	33,903
Current Liabilities
Notes payable and current maturities of long-term debt	639	311
Accounts payable	2,413	2,458
Accrued payroll and benefits	535	485
Liabilities held for sale	0	805
Other accrued liabilities	1,107	1,043
Total Current Liabilities	4,694	5,102
Long-Term Debt	10,015	10,846
Nonrecourse Financial Liabilities of Special Purpose Entities (Note 14)	6,298	6,291
Deferred Income Taxes	2,600	2,291
Pension Benefit Obligation	1,762	1,939
Postretirement and Postemployment Benefit Obligation	264	326
Other Liabilities	560	567
Commitments and Contingent Liabilities (Note 13)
Equity
Common stock $1 par value, 2018 - 448.9 shares & 2017 - 448.9 shares	449	449
Paid-in capital	6,280	6,206
Retained earnings	7,465	6,180
Accumulated other comprehensive loss	(4,500)	(4,633)
Total Shareholders' Equity Before Treasury Stock	9,694	8,202
Less: Common stock held in treasury, at cost, 2018 – 48.310 shares and 2017 – 35.975 shares	2,332	1,680
Total International Paper Shareholders’ Equity	7,362	6,522
Noncontrolling interests	21	19
Total Equity	7,383	6,541
TOTAL LIABILITIES AND EQUITY	$ 33,576	$ 33,903